Chrysler's odd three-headed management system is about to get a little more streamlined. After today's bankruptcy announcement, Chrysler's current Chairman and CEO Bob Nardelli announced that he would leave the company and return to Cerberus Capital Management as an advisor.
Tom LaSorda, the long time Chrysler manufacturing executive and the company's current Vice Chairman and President, also announced today that he will retire once the Fiat deal has been completed.
Jim Press, the former Toyota executive who also holds the title of Vice Chaiman and President says he has no immediate plans to leave the company.
Then again, it won't be long before Fiat is calling the shots, so Press may not get to stick around even if he wants to.
AutoObserver: Chrysler's LaSorda Will Retire; Nardelli Returns to Cerberus
estreka says:
10:20 AM, 05/ 1/09
I hadn't heard LaSorda was leaving. Interesting.
I cannot fathom why Press left Toyota in the first place. He has an odd set of priorities.